Goodyear (Thailand) Public Company Ltd said its normalized net income for the first quarter came to 4.96 baht per share, a gain from 2.45 baht per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 36.7 million baht, an increase from 18.1 million baht in the prior-year period.
The normalized profit margin climbed to 4.0% from 2.0% in the year-earlier period.
Total revenue climbed year over year to 914.8 million baht from 899.8 million baht, and total operating expenses decreased on an annual basis to 853.1 million baht from 866.4 million baht.
Reported net income rose on an annual basis to 46.5 million baht, or 6.29 baht per share, from 22.9 million baht, or 3.10 baht per share.
As of May 11, US$1 was equivalent to 33.71 baht.
